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Shares of Cisco Systems Inc. (CSCO) slipped 5.51% to $53.63 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.34% to 4,704.54 and the Dow Jones Industrial Average falling 0.17% to 35,870.95. This was the stock's third consecutive day of losses. Cisco Systems Inc. closed $6.64 below its 52-week high ($60.27), which the company achieved on August 25th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) rose 0.63% to $341.27, International Business Machines Corp. (IBM) fell 1.19% to $116.66, and VMware Inc. (VMW) fell 2.42% to $120.31. Trading volume (70.5 M) eclipsed its 50-day average volume of 16.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2021.
(END) Dow Jones Newswires
November 18, 2021 16:46 ET (21:46 GMT)
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